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Thursday, November 28, 2024

Home prices increased in Laytonsville during the first quarter of 2021

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The median sale price of a home sold in the first quarter of 2021 in Laytonsville rose by $307,000 while total sales decreased by 37.5%, according to BlockShopper.com.

From January through March of 2021, there were five homes sold, with a median sale price of $770,000 - a 66.3% increase over the $463,000 median sale price for the same period of the previous year. There were eight homes sold in Laytonsville in the first quarter of 2020.

The median sales tax in Laytonsville for the most recent year with available data, 2020, was $6,939, approximately 0.9% of the median home sale price for the first quarter of 2021.

The following table compares Laytonsville to other Montgomery County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Cabin John61500%$1,239,000$850,00045.8%
Potomac16614018.6%$1,005,000$877,00014.6%
Bethesda24818534.1%$993,750$940,0005.7%
Darnestown2125-16%$825,000$760,0008.6%
South Kensington3338-13.2%$825,000$728,50013.2%
Laytonsville58-37.5%$770,000$463,00066.3%
Ashton-Sandy Spring181080%$757,500$445,75069.9%
Brookeville37-57.1%$750,000$521,00044%
Garrett Park990%$710,000$684,9503.7%
Hillandale45-20%$662,500$423,00056.6%
North Potomac363116.1%$650,000$649,9000%

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